Housing Price Index Sags to ‘99 Levels
Press release from the issuing company
Wednesday, March 30th, 2011
An index measuring metro Atlanta home prices slid to its lowest point in 11 years in January.
According to the latest Standard & Poor's Case-Shiller Index, released Tuesday, existing single-family home sale prices declined by nearly 7 percent in January compared with the same month in 2010. Atlanta's index sagged to 99.59, just below the 100 benchmark score representing prices at the start of 2000. It was the first time metro Atlanta's score was below 100 since December 1999.
